DULUTH, Minn. --(BUSINESS WIRE)--Jun. 14, 2019-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today a power sales agreement with Smithfield Foods, Inc. for the remaining output of the Diamond Spring wind site ALLETE Clean Energy will build, own and operate in
Company leaders say clean energy investments benefit customers, communities and shareholders DULUTH, Minn. --(BUSINESS WIRE)--May 14, 2019-- ALLETE Inc. (NYSE:ALE) says its targeted earnings growth is supported by the seemingly limitless opportunities found in the nation’s growing renewable energy
Venture includes new Oklahoma wind farm, two long-term power sales agreements DULUTH, Minn. --(BUSINESS WIRE)--May 3, 2019-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today it has acquired the Diamond Spring wind project in Oklahoma from Apex Clean Energy and
DULUTH, Minn. --(BUSINESS WIRE)--May 2, 2019-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2019 earnings of $1.37 per share on net income of $70.5 million and operating revenue of $357.2 million . Last year’s results were 99 cents per share on net income of $51.0 million and operating
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 24, 2019-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 58.75 cents per share of common stock. On an annual basis the dividend is equivalent to $2.35 per share, unchanged from the previous quarter.
New turbine blades enhance turbine performance and reliability DULUTH, Minn. --(BUSINESS WIRE)--Apr. 15, 2019-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today it has received the 45th set of new wind turbine blades from international blade manufacturer Tecsis
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 4, 2019-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 2, 2019 . Following the release, ALLETE Chairman and Chief Executive Officer Alan R. Hodnik , President Bethany M.
Sale proceeds will support ALLETE growth in the clean-energy sector DULUTH, Minn. --(BUSINESS WIRE)--Mar. 27, 2019-- ALLETE Inc. (NYSE:ALE) announced today it has closed on the $270 million sale of U.S. Water Services Inc. to Kurita Water Industries Ltd.
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 14, 2019-- ALLETE, Inc. (NYSE: ALE) today reported 2018 earnings of $3.38 per share on net income of $174.1 million and operating revenue of $1.5 billion . Reported results from 2017 were $3.38 per share on net income of $172.2 million and operating revenue of
Sale proceeds to be reinvested in clean energy opportunities DULUTH, Minn. --(BUSINESS WIRE)--Feb. 8, 2019-- ALLETE, Inc. (NYSE: ALE) today announced it has entered into a stock purchase agreement providing for the sale of U.S. Water Services, Inc. to Kurita Water Industries Ltd.